Served by 3 Class 1's: Joint venture to construct intermodal fuel terminal in Beaumont
July 7th, 2016
June 28, 2016 - Progressive Railroading
Green Plains Inc. and Jefferson Gulf Coast Energy Partners have formed a joint venture to construct and operate an intermodal fuels terminal at Jefferson's existing terminal in Beaumont, Texas.
The 50-50 joint venture is expected to invest about $55 million in the project's first phase, which will focus on storage and throughput capabilities for multiple grades of ethanol, according to the companies' press release.
In the future, the joint venture is expected to add to its capabilities the managing of multiple liquid products for import and export, including liquid hydrocarbons, vegetable oils and other non-liquid commodities.
"As demand for the products we produce continues to grow both globally and domestically, we want to create a world class solution to service our customers," said Green Plains President and Chief Executive Officer Todd Becker.
The new terminal will have access to three Class Is, barges, and inbound and outbound vessels, he noted. The facility will be served by BNSF Railway Co., Kansas City Southern and Union Pacific Railroad.
Read more: http://www.progressiverailroading.com/kansas_city_southern/news/Joint-venture-to-construct-intermodal-fuel-terminal-in-Beaumont-Texas--48652
Green Plains Inc. and Jefferson Gulf Coast Energy Partners have formed a joint venture to construct and operate an intermodal fuels terminal at Jefferson's existing terminal in Beaumont, Texas.
The 50-50 joint venture is expected to invest about $55 million in the project's first phase, which will focus on storage and throughput capabilities for multiple grades of ethanol, according to the companies' press release.
In the future, the joint venture is expected to add to its capabilities the managing of multiple liquid products for import and export, including liquid hydrocarbons, vegetable oils and other non-liquid commodities.
"As demand for the products we produce continues to grow both globally and domestically, we want to create a world class solution to service our customers," said Green Plains President and Chief Executive Officer Todd Becker.
The new terminal will have access to three Class Is, barges, and inbound and outbound vessels, he noted. The facility will be served by BNSF Railway Co., Kansas City Southern and Union Pacific Railroad.
Read more: http://www.progressiverailroading.com/kansas_city_southern/news/Joint-venture-to-construct-intermodal-fuel-terminal-in-Beaumont-Texas--48652